Moody's: Persistent Inflation Constraining India's Rating

NEW DELHI—India's persistent inflation is weighing on a recovery in the south Asian economy and constraining an improvement in its sovereign rating, Moody's Investors Service said Thursday.

"India is poised for an acceleration in GDP [gross domestic product] growth, based on expected policy reforms and robust investor sentiment," it said in a note. "However, inflation remains high from a global standpoint, weighing...